The manager of the international department of the Cape Cod Five Bank learns that the ship on

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The manager of the international department of the Cape Cod Five Bank learns that the ship on which a local exporter shipped Wellfleet oysters in saltwater tanks to Spain has sunk in high seas. She has received all the documents required in the letter of credit and is ready to pay the exporter for the shipment. In view of the news about the ship, the manager now knows that the Spanish customer will never receive the goods. Should the manager pay the exporter, or should she withhold payment and notify the overseas customer?

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International Business

ISBN: 978-1259317224

1st edition

Authors: Michael Geringer, Jeanne M. McNett, Michael S Minor, Donald A Ball

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